INDRENEW -Can it be Potential C&H ? Risky Stock- Best above 17 INDRENEW - Recently raised money through Rights issue and Promoters participated as well. While the Stock took a beat and felled, It took support near its previous resistance. i.e. 12.80 . One may take small risk above 15 and fully above 17.
Strict SL- 12.80 !!
This week the stock has moved up and may move by up by Weekend. It appears to have highest ever volumes seen in its entire span.
Word of Caution : Don't jump and enter right away. Wait the stock to prove itself i.e. above 15 and don't put more than 1% of your trading capital considering its a penny stock. If the stock goes down, honor your SL and simply exit this stock.
Disclaimer : Its an Educational Content to have patience and enter at right price. Please do your own research !!.
